Posted on 03/01/2017 6:55:55 AM PST by ColdOne
The Dow Jones Industrial Average crossed the 21000 milestone at the opening bell Wednesday morning in what was the fastest 1,000-point advance in the blue-chip index’s history.
Optimism on Wall Street came from President Donald Trump’s first address to a joint session of Congress on Tuesday night in which he outlined the ways in which he hoped to “make America great again.” His policy priorities included repealing the Affordable Care Act – a cornerstone of President Barack Obama’s administration, revamping the U.S. tax code, improving trade policies, and requesting Congress approve $1 trillion for infrastructure spending.
(Excerpt) Read more at foxbusiness.com ...
Not to take anything away from Trump, but percentage increase is what matters, not raw points.
If the Dow’s at 1000, and it rises 1000 points, you’ve doubled your investment.
When the Dow’s at 20,000 and it rises 1000 points, you’ve made a 5% profit (not that I’m complaining).
Exactly. Each 1000 point increase is a smaller percentage of the total than the one preceding it. Any headline or article that overlooks that fact is lying.
All of this just highlights how MUCH damage obama did to the U.S. economy. It looks like pent up demand doesn’t even begin to describe these forces.
We have lived through 8 years of a federally imposed block on economic growth. We’re lucky we even squeezed out 1% GDP growth. — I should add that the last 8 years have been those of quasi-socialism - characterized by hidden unemployment and weak economic activity. But still we prevailed.
All of this just highlights how MUCH damage obama did to the U.S. economy. It looks like pent up demand doesn’t even begin to describe these forces.
We have lived through 8 years of a federally imposed block on economic growth. We’re lucky we even squeezed out 1% GDP growth. — I should add that the last 8 years have been those of quasi-socialism - characterized by hidden unemployment and weak economic activity. But still we prevailed.
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